Cablevision Systems Increases Sales but Misses Estimates on Earnings
Cablevision Systems (NYS: CVC) filed its 10-K on Feb. 28. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Cablevision Systems beat slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share shrank significantly.
Gross margins grew, operating margins grew, and net margins contracted.
Cablevision Systems tallied revenue of $1.69 billion. The 18 analysts polled by S&P Capital IQ predicted revenue of $1.67 billion on the same basis. GAAP reported sales were 7.3% higher than the prior-year quarter's $1.58 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.22. The 17 earnings estimates compiled by S&P Capital IQ forecast $0.23 per share. GAAP EPS of $0.22 for Q4 were 44% lower than the prior-year quarter's $0.39 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 57.5%, 110 basis points better than the prior-year quarter. Operating margin was 21.6%, 390 basis points better than the prior-year quarter. Net margin was 3.6%, 360 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.67 billion. On the bottom line, the average EPS estimate is $0.20.
Next year's average estimate for revenue is $6.78 billion. The average EPS estimate is $0.99.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 121 members out of 180 rating the stock outperform, and 59 members rating it underperform. Among 58 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 39 give Cablevision Systems a green thumbs-up, and 19 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cablevision Systems is hold, with an average price target of $18.98.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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